Thursday, Oct. 02, 2008

Understanding your pension fund

It seems that fewer and fewer businesses offer a company-sponsored pension fund for their employees these days.

Yet, for those that still do, the news is a bit brighter for workers. Under the Protection Act of 2006, employers that offer pensions must fully fund a company’s plans.

If you’d like to learn about pensions, how they work, and even how to track down an unclaimed pension several Web sites offer a wide range of information.

Here are a few good places.

Investopedia: www.investopedia.com/articles/retirement/07/how — pensions — work.asp Article that breaks down how pensions work, and employee and company perspectives on pensions.

Pension Benefit Guaranty Corporation: www.pbgc.gov Information from government agency designed to protect re-tirement pension income.

Quicken.com: www.quicken.com/cms/viewers/article/retirement/18308 Proves a good overview of pension plan basics, advantages, eligibility and more. U.S. Department of Labor:

www.dol.gov/ebsa/Publications/protect — your — pension.html Quick reference guide that covers protecting your pension.

Get The State newspaper delivered to your home. Click here to subscribe.